American Airlines is rallying after saying it will raise bag fees (AAL, DAL, JBLU, LUV, UAL)

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September 21, 2018 8:26 PM

Shares of American airlines jumped more than 4% Friday after it joined Delta Air Lines and United Airlines in raising the fee of one checked bag from $25 to $30.

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The airline has joined
Delta Air Lines, United Airlines, Southwest Airlines, and JetBlue also gained ground following the news.

Airline stocks are rallying after the last of the world's three biggest carriers hiked baggage fees.

On August 27, JetBlue became the first major US airline to raise prices for a checked bag. Similar price hikes by United and Delta more recently implemented.

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